Eric Schmidt, former CEO and now Chairman of Google, plans to sell up to 3.2 million shares of his class A common stock in the company, according to an SEC filing published Friday. The amount is equal to approximately 42.1 percent of his overall stake in Google. Schmidt will sell off the shares over the coming year in a “pre-arranged trading plan,” created for a “long-term strategy of individual asset diversification and liquidity.”

He only transfered them. According to an SEC document filed on Friday, Groupon Chairman and co-founder Eric Lefkofsky distributed nearly 19 million shares from the daily deals company. The Wall Street Journal reports that the shares were dolled out members of an investment entity, including early employees, advisers and his family’s charitable foundation. A spokesperson for Lefkofsky, who controls 28 percent of the company’s voting power, confirmed he was not selling the shares. On Friday, those shares were worth about $77 million.

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